ChainCatcher news, Berenberg Capital Markets chief analyst Mark Palmer said in a research report that the main reason for his "cautious stance" on Coinbase is the various regulatory actions taken by the United States against it, as well as the conflicts between Israel and Hamas. political resistance. Hamas militants used cryptocurrencies to fund recent attacks on Israel, potentially causing a setback for Coinbase's cryptocurrency lobbying efforts in the United States.

It is reported that Coinbase has significantly increased its lobbying efforts in the United States over the past few years in an effort to introduce clearer and cryptocurrency-friendly regulations.